This is a $100,000 ($75k At closing) new construction loan request for a single-family home in Fort Myers, Florida. The home would have 3-bedroom, 2-bathroom totaling 1,438 square feet of living space, including a two-car garage. His exit strategy for the subject loan is to sell the completed home.
Collateral:
Type: New Construction
Description:
This loan totals $1,590,000, with $260,000 disbursed at closing, secured by a double-lot land asset located in Safety Harbor, Florida. The site consists of approximately 0.26 acres, and the borrower intends to subdivide the parcel and construct two new single-family homes. Each residence is planned as a two-story property featuring four bedrooms, four bathrooms, a two-car garage, and approximately 3,000 square feet of living space.
- Loan Amount: $1,590,000
- Date: February 2026
